Unlock the potential of your real estate portfolio with this strategically positioned duplex, a lucrative investment opportunity within a stone's throw of the vibrant heartbeat of the UNC campus. Situated in a coveted neighborhood known for its academic energy, this property is not just a home; it's a gateway to consistent rental income and long-term growth. CASH FLOW OPPORTUNITY - 6.6% Cap rate! NEW FURNACE AND WATER HEATER. $2,800/MONTH IN RENT. We're pleased to offer this up/down legal duplex located steps from the University of Northern Colorado in a RH Density zoning. Situated a minute's walk from campus grounds, near Union Colony and downtown Greeley, and within a short drive from North Colorado Medical Center, this income producing property will appeal to a variety of potential tenants with great marketability. Offering a sprinklered yard, spacious lot, and storage shed with alley access, adds to the attraction. This investment will provide the owner with cashflow as well as potential to value-add with improvements. Unit 1- rented for 1 year at $2,000 per month. Unit 2- rented for 1 year at $800. Annual insurance premium is $1,458. Whether you are a seasoned investor looking to diversify your portfolio or a newcomer seeking a solid entry point, this duplex near the university campus stands as a testament to the adage that real estate is about location, and this location is poised for success in the lucrative student housing market. Seize the opportunity to maximize your returns with this prime duplex investment property.
Sold for $385,000
$385,000
1820 8th Ave, Greeley, CO 80631
5beds
3baths
1,968sqft
Duplex
Built in 1906
-- sqft lot
$422,600 Zestimate®
$196/sqft
$1,984 Estimated rent
Home value
$422,600
$393,000 - $452,000
$1,984/mo
Zestimate® history
Owner options
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$1,984/mo
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$1,984/mo
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$2,256/mo
Est. payment
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$2,256/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Nicholas Bukowski 970-219-7096,
The Station Real Estate
Bought with:
Scott Nitzel, 100068897
NextHome Foundations
Source: IRES as distributed by MLS GRID,MLS#: 1000984
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Range, Gas Range, Dishwasher, Refrigerator, Washer, Dryer, Microwave, Some Appliances
- Laundry: Washer/Dryer Hookup
Features
- Eat-in Kitchen, Open Floorplan, Outside Entry, Crown Molding
- Windows: Wood Frames
- Basement: Full,Partially Finished
Interior area
- Total structure area: 1,968
- Total interior livable area: 1,968 sqft
Property
Parking
- Total spaces: 8
- Details: 2 Spaces/Unit
Accessibility
- Accessibility features: Level Lot, Level Drive, Main Floor Bath, Accessible Bedroom
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: Sprinkler System
- Fencing: Partial
- Has view: Yes
- View description: City
Lot
- Size: 9,500 Square Feet
- Features: Deciduous Trees, Level, City Limits, Paved, Curbs, Sidewalks, Alley
Details
- Additional structures: Storage
- Parcel number: R3296986
- Zoning: RH
- Special conditions: Private Owner
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage,Legal Conforming
- Property subtype: Duplex
Materials
- Frame, Wood Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1906
Utilities & green energy
- Electric: Xcel
- Gas: Atmos
- Sewer: Public Sewer
- Water: City
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available
Green energy
- Energy efficient items: Southern Exposure, High Efficiency Furnace
Community & HOA
Community
- Security: Fire Alarm
- Subdivision: Arlington Heights
HOA
- Has HOA: No
Location
- Region: Greeley
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $381,049
- Annual tax amount: $1,769
- Date on market: 1/1/2024
- Listing terms: Cash,Conventional,1031 Exchange
- Exclusions: Seller's and tenant's personal property.
- Tenant pays: Deposit, Gas, Electricity, Water
- Income includes: Lease/Rents
- Electric utility on property: Yes
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 3/29/2024 | Sold | $385,000-6.1%$196/sqft |
Source:  IRES as distributed by MLS GRID #1000984 Report a problem | ||
| 3/9/2024 | Pending sale | $410,000$208/sqft |
Source:  REcolorado as distributed by MLS GRID #IR1000984 Report a problem | ||
| 1/15/2024 | Listed for sale | $410,000$208/sqft |
Source: REcolorado as distributed by MLS GRID #IR1000984 Report a problem | ||
| 1/5/2024 | Pending sale | $410,000$208/sqft |
Source: REcolorado as distributed by MLS GRID #IR1000984 Report a problem | ||
| 1/1/2024 | Listed for sale | $410,000-1.2%$208/sqft |
Source: IRES as distributed by MLS GRID #1000984 Report a problem | ||
| 7/16/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 6/13/2023 | Listed for rent | $2,000$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/8/2022 | Listing removed | -- |
Source: IRES as distributed by MLS GRID #959984 Report a problem | ||
| 3/3/2022 | Listed for sale | $415,000+3.8%$211/sqft |
Source: IRES as distributed by MLS GRID #959984 Report a problem | ||
| 2/8/2022 | Listing removed | -- |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 1/13/2022 | Listed for sale | $400,000$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 1/13/2022 | Contingent | $400,000$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 11/12/2021 | Listed for sale | $400,000$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 11/8/2021 | Contingent | $400,000$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 11/2/2021 | Listed for sale | $400,000$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 10/28/2021 | Pending sale | $400,000$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 10/26/2021 | Contingent | $400,000$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 10/15/2021 | Listed for sale | $400,000+17.6%$203/sqft |
Source: IRES as distributed by MLS GRID #953268 Report a problem | ||
| 4/29/2021 | Sold | $340,000+126.7%$173/sqft |
Source: Public Record Report a problem | ||
| 4/30/2019 | Sold | $150,000-51.6%$76/sqft |
Source: Public Record Report a problem | ||
| 3/25/2019 | Listed for sale | $310,000$158/sqft |
Source: Resident Realty #866908 Report a problem | ||
| 3/25/2019 | Pending sale | $310,000$158/sqft |
Source: Resident Realty #866908 Report a problem | ||
| 3/11/2019 | Price change | $310,000-4.6%$158/sqft |
Source: Resident Realty #866908 Report a problem | ||
| 1/31/2019 | Listed for sale | $325,000$165/sqft |
Source: Resident Realty #866908 Report a problem | ||
| 1/31/2019 | Pending sale | $325,000$165/sqft |
Source: Resident Realty #866908 Report a problem | ||
| 11/15/2018 | Listed for sale | $325,000+136.2%$165/sqft |
Source: Resident Realty #866908 Report a problem | ||
| 7/6/2009 | Sold | $137,600-53.4%$70/sqft |
Source: Public Record Report a problem | ||
| 10/6/2005 | Sold | $295,000+7.7%$150/sqft |
Source: Public Record Report a problem | ||
| 7/13/2005 | Sold | $274,000$139/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,174 +13.9% | $23,320 -2.1% |
| 2025 | $1,910 +4.9% | $23,810 -9.2% |
| 2024 | $1,821 +2.9% | $26,210 -0.9% |
| 2023 | $1,769 -5.2% | $26,460 +30.4% |
| 2022 | $1,866 +21.6% | $20,290 -4.9% |
| 2021 | $1,535 | $21,340 +21.2% |
| 2020 | $1,535 +10.7% | $17,610 |
| 2019 | $1,387 -9.9% | $17,610 +5.1% |
| 2018 | $1,539 +10.9% | $16,750 |
| 2017 | $1,387 -0.5% | $16,750 +15.8% |
| 2016 | $1,395 +30.8% | $14,470 |
| 2015 | $1,067 +30.7% | $14,470 +34% |
| 2014 | $816 | $10,800 |
| 2013 | -- | $10,800 -2.3% |
| 2012 | -- | $11,050 |
| 2011 | -- | $11,050 +13.2% |
| 2010 | -- | $9,760 |
| 2009 | -- | $9,760 -36.9% |
| 2008 | -- | $15,470 |
| 2007 | -- | $15,470 +32.3% |
| 2006 | -- | $11,690 |
| 2005 | -- | $11,690 +4.4% |
| 2004 | -- | $11,200 -0.9% |
| 2003 | -- | $11,300 -0.5% |
| 2002 | -- | $11,360 +27.9% |
| 2001 | -- | $8,880 |
Find assessor info on the county website
Neighborhood: 80631
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Nearby schools
GreatSchools rating
- 2/10Maplewood Elementary SchoolGrades: K-5Distance: 1.4 mi
- 3/10Heath Middle SchoolGrades: 6-8Distance: 2.5 mi
- 5/10Greeley Central High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- Elementary: Cameron
- Middle: Heath
- High: Greeley Central
Source: IRES as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$422,600
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Estimated market value
$422,600
- Colorado
- Weld County
- Greeley
- 80631
- 1820 8th Ave
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